The Cabinet on Tuesday agreed with the Finance Ministry’s proposal in a draft bill to collect a windfall tax from property owners benefiting from expressway, mass transit, high-speed rail, airport and other infrastructure projects.

The ministry is drafting a windfall tax bill that would result in the collection of taxes from property owners whose property prices appreciate due to government transport projects, said Krisda Chinavicharana, director general of the Fiscal Policy Office.

A tax committee under the National Reform Council is set to propose the second round of tax reforms to the government, with the package to include the introduction of a windfall tax aimed at increasing the tax revenue of local governments.